Income Fund Correlations

Mutual Funds . USA . 
Fund . Income Fund Of
CIMFX Fund  USD 27.21  0.07  0.26%   
The current 90-days correlation between Income Fund and 1919 Financial Services is -0.05 (i.e., Good diversification). The correlation of Income Fund is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Income Fund Correlation With Market

Significant diversification

The correlation between Income Fund Of and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Of and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Income Fund Of. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Income Mutual Fund

  0.9AMECX Income FundPairCorr
  0.75RNEBX New World FundPairCorr
  0.87AMFCX American MutualPairCorr
  0.94AMFFX American Mutual Potential GrowthPairCorr
  0.83RNCCX American Funds IncomePairCorr
  0.84AMEFX Income FundPairCorr
  0.75RNGGX New Economy FundPairCorr
  0.81RNGFX New Economy FundPairCorr
  0.81RNGHX New Economy FundPairCorr
  0.81RNGBX New Economy FundPairCorr
  0.81RNGAX New Economy FundPairCorr
  0.81RNGEX New Economy FundPairCorr
  0.81RNGCX New Economy FundPairCorr
  0.83AMHIX American High IncomePairCorr
  0.83TEBCX Tax Exempt BondPairCorr
  0.83TECCX Tax Exempt FundPairCorr
  0.82TEAFX Tax Exempt BondPairCorr
  0.85FPTPX American Funds ConsePairCorr
  0.82TECFX Tax Exempt FundPairCorr
  0.82TEFEX Tax Exempt FundPairCorr
  0.8CDJAX American Funds CollegePairCorr
  0.79AMPCX Amcap Fund ClassPairCorr
  0.86RNPBX New PerspectivePairCorr
  0.86RNPAX New PerspectivePairCorr
  0.86RNPHX New PerspectivePairCorr
  0.86RNPGX New PerspectivePairCorr
  0.86RNPCX New PerspectivePairCorr
  0.86RNPFX New PerspectivePairCorr
  0.86RNPEX New PerspectivePairCorr
  0.84AMRMX American Mutual Potential GrowthPairCorr
  0.81AMRFX American Mutual Potential GrowthPairCorr
  0.94RNRPX American Funds RetirementPairCorr
  0.8AMUSX Us Government SecuritiesPairCorr
  0.83TEPCX American Funds TaxPairCorr
  0.81TEPAX American Funds TaxPairCorr
  0.61TEPFX American Funds TaxPairCorr
  0.84RNWFX New World FundPairCorr
  0.84RNWEX New World FundPairCorr
  0.84RNWHX New World FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income Fund Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Income Fund's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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